New Horizon Insurance Company, a Houston-based insurer, has received a boost from credit rating agency AM Best. The company’s Financial Strength Rating was raised to A- (Excellent) from B++ (Good), while its Long-Term Issuer Credit Rating climbed to “a-” (Excellent) from “bbb+” (Good). The outlook for both ratings remains stable.
AM Best cited New Horizon’s very strong balance sheet and solid, consistent performance over the last three years as key reasons for the upgrade. The insurer has kept its loss and expense ratios low, helping it maintain steady profits. In fact, its financial returns have been impressive, with strong pre-tax and overall returns on revenue and equity in four of the past five years.
The positive trend didn’t stop there. Early results from 2025 show that New Horizon continues to deliver good underwriting outcomes and net income. The company has also expanded its premium base by raising rates and growing organically across various insurance lines. This growth has further strengthened its capital position, improving its risk-adjusted capital and underwriting leverage.
Overall, AM Best’s upgrade reflects New Horizon’s solid financial health and effective risk management. This marks a positive sign for the company’s future as it builds on its strong foundation and steady gains.